Bitcoin

Bitcoin breaks 10 month trend line support at 7650. If we cannot hold above 7500 then bulls have lost the battle & the outlook turns significantly more negative. On a break below 7200 see no reason for us not to retest the April low at 6500/6450 but I doubt it will hold this time.

Bulls need to beat 7600 but we run in to resistance at 7850/7900. Above 8000 allows a recovery to 8260/90.

BITCOIN

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